Guaranteed Payday Loans

Do guaranteed online payday loans exist?
Suddenly finding yourself facing an unexpected expense can be really stressful, especially if you don’t have the money you need upfront and your next payday is weeks away.
If borrowing from family and friends isn’t possible and you don’t have enough savings to fall back on, you might wonder whether you could get a guaranteed payday loan.

In our guide, Little Loans explains why instant payday loans online with guaranteed approval do not exist. We’ll also explore other options that could offer a helping hand in a financial emergency.

Warning: guaranteed payday loans

If you’re searching for direct lender guaranteed payday loans, it’s crucial to know that guaranteed loans do not exist.
Any lender claiming to be a ‘guaranteed payday lender’ is not acting in line with important rules set by the Financial Conduct Authority (FCA).

Guaranteed payday loans with no credit check: why guaranteed loans don’t exist

The FCA requires all authorised and regulated lenders in the UK to complete a creditworthiness assessment on anyone who applies for credit.
A creditworthiness assessment helps the lender understand your financial history, including how you’ve managed your borrowing in the past. It also helps them decide if a loan is affordable for you.

You cannot get a loan without a creditworthiness assessment. This is why guaranteed payday loans do not exist.

Guaranteed payday loans UK: how do I know that a lender is legitimate when looking for a loan?

Even with an excellent credit score, acceptance isn’t guaranteed.
Legitimate, responsible lenders will not offer guaranteed payday loans.

Authorised and regulated lenders will appear on the FCA register. You can check to see whether a company or individual appears on the FCA register by using the free FCA Firm Checker tool.

Guaranteed approval payday loans: what’s the easiest loan to get approved for?

Just as guaranteed payday loans do not exist, no loan is ‘easy to get’.
As we’ve talked about, when considering your loan application, the lender will carry out a creditworthiness assessment. If you pass the creditworthiness assessment, you will be offered the loan—but there are no guarantees, regardless of your credit score.

Guaranteed payday loans for bad credit

Please remember that a loan cannot be guaranteed.

You could still be eligible for a payday loan if you have bad credit history.
Some lenders specialise in bad credit payday loans and may be willing to consider your application.
Before you apply for a bad credit payday loan, be aware that you could be offered a higher rate of interest. The higher the interest rate, the more the loan will cost you overall.

Alternatives to guaranteed payday loans

While loans of any kind cannot be guaranteed, there are alternatives to payday loans.
A payday loan is usually repaid in full within a month. If you’re looking to spread the cost of your repayments, a short-term loan comes with a range of repayment terms.
Depending on the amount you apply to borrow, repayment terms typically range from several months to several years.

Search for a guaranteed payday loan alternative with Little Loans

All the lenders on the Little Loans panel are authorised and regulated by the FCA.
We do not work with payday lenders, but we can help you search for a short-term loan with repayments over 3 to 60 months.

You can search for a short-term loan from £100 to £10,000 with Little Loans if you:

• Are over the age of 18;
• Are a UK resident;
• Have a UK bank account and a valid debit card; and
• Have a regular source of income paid into your bank account.

People with all credit scores are welcome to use our service, and searching for a loan with Little Loans will not harm your credit score.*

Guaranteed approval payday loan alternative: how does it work?

While a loan cannot be guaranteed, we’ve outlined below the process of searching for a short-term loan with Little Loans.

1. Fill out our online form. You’ll be asked how much money you need to borrow and how long you’d like to borrow it for. We’ll also ask for some information about you and your financial situation.


2. We’ll complete a soft search and scan our panel of lenders for a loan that could be a suitable match for you. This should take around 60 seconds.


3. If a match is found, you’ll be redirected to the lender’s website. If you’d like to make a full application with the direct lender, they will carry out a creditworthiness assessment.


4. Once the creditworthiness assessment is complete, the lender will let you know whether you’ve been approved for the loan.


5. If approved, the lender will let you know when your money will be sent. Some of the lenders on the Little Loans panel could send your money on the same day your application is approved.**

What to do if you can’t repay your loan

If you’re struggling to make your repayments, please get in touch with your lender as soon as you can. They will work with you to put a plan in place.

Need to talk to someone about money worries? Please know that you can get free, confidential financial advice through any of the following charities and organisations: StepChange, MoneyHelper, Citizens Advice, and National Debtline.

*Little Loans uses soft search technology to help you look for a loan. This will not harm your credit score. If you’re matched with a loan and choose to make a full application with the lender, they will complete a creditworthiness assessment, which will include a hard search and/or an Open Banking check. A hard search will show on your credit file for up to 12 months. Multiple hard searches will harm your credit score.

**Payout times vary. Please ask your lender when your loan will be sent. How quickly the money shows in your account depends on your bank.